It is the worst-performing market among major global indices so far in the year. However, analysts are of the view that the India growth story is still intact and, therefore, long-term investors should use this short-term correction as an opportunity.

The 30-share index, which had lost 385.07 points in the previous two sessions, rose by 291.32 points, or 1.08 per cent, at 27,302.63.

The BSE Sensex and the NSE Nifty were closed on May 1, for observing “Maharashtra Day” holiday.

BSE said it would be shifting as many as 47 scrips to the trade-to-trade or the 'T' group segment, while the National Stock Exchange (NSE) has decided to move nine stocks to this category, the bourses said in separate notices.

The 30-share barometer, which had lost 170.45 points in yesterday’s volatile session, dipped below the 27,000-mark by falling 224.34 points or 0.82 per cent to 27001.59.

The 30-share index declined by 212.19 points, or 0.77 per cent, to 27184.19. The gauge had gained 219.39 points in the previous session.

The 30-share index, which had lost 713.14 points in the previous three sessions, recovered by 70.92 points, or 0.26 per cent, at 27,247.91.

The 50-shares NSE index declined as much as 0.76 percent to break its 200 day moving average of 8,254.17 for the first time since Feb. 6, 2014, on Monday.

After two weeks of losses, the 30-share index on Friday ended at 27,437.94, slightly below 27,499.42, where it started the year. The index had risen as high as 29,681.77, an all-time closing high, on January 29.

Trading has been suspended by the BSE in shares of as many as 16 companies. The National Stock Exchange or NSE has announced similar action against three companies, two of which are also part of the Bombay Stock Exchange (BSE) list.